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Ratio Analysis
Compute the ratios below for Blue Bill Corporation based on the financial statements provided. Ending inventory was $1,237.6 for year 2010.
After calculating the various ratios, analyze the overall financial health of Blue Bill Corporation.
Values presented on the financial statements are in millions.
Blue Bill CorporationBalance SheetDecember 31, 2011
Assets
Liabilities and Shareholders' Equity
Current Assets
Current liabilities
Cash and cash equivalents
$ 483.2
Short-term debt
$ 43.4
Receivables (net of allowance)
1,045.1
Long-term debt due within a year
151.6
Inventories
1,249.4
Accounts payable
1,007.7
Other current assets
273.5
Other accrued liabilities
972.7
Total current assets
3,051.2
Total current liabilities
2,175.4
Property, plan and equipment
Land
77.1
Long-term liabilities
Buildings
842.4
Long-term debt
4,559.4
Equipment
3,546.0
Deferred taxes
665.3
Less accumulated depreciation
2,373.7
Other long-term liabilities
784.2
Total property, plant and equipment
2,091.8
Total long-term liabilities
6,008.9
Other noncurrent assets
4,932.6
Shareholders' equity
1,891.3
Total assets
$10,075.6
Total liabilities and shareholders' equity
Blue Bill CorporationIncome Statement 2011
Sales
$10,495.0
Cost of products sold
6,700.5
Gross Profit
3,794.5
Selling and administrative expense
2,350.9
Operating income
1,443.6
Other income
(18.3)
Earnings before interest and taxes
1,425.3
Interest expense
295.2
Taxes
247.8
Net income
$ 882.3
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